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SEC Hit With Class Action Over Database Privacy Concerns

By Jessica Corso (April 16, 2024, 8:49 PM EDT) -- A conservative think tank filed a lawsuit in Texas federal court Tuesday hoping to put an end to a U.S. Securities and Exchange Commission market surveillance tool known as the consolidated audit trail, arguing in the proposed class action that the database threatens to subject the personal information of tens of millions of American citizens to a possible data breach....

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